Zion Market Research, the market research group announced the analysis report titled 'Protein Characterization and Identification Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'.
Sarasota, FL -- (SBWIRE) -- 09/29/2017 -- Protein Characterization and Identification Market: Overview
Proteins form the primary element of human life and therefore, they are an imperative subject of learning and research. Protein characterization and identification is the essential research procedure to examine the contents of a protein-based on their molecular mass and their charge. The demand for protein characterization and identification is high for medical diagnosis, agricultural and ecological research, and drug detection and expansion. The research procedure finds application across end-use sections such as biotechnology, pharmaceutical, academic research institutes and contract research organizations.
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Protein Characterization and Identification Market: Growth Factors
To ensure sustainable development, biotechnology and pharmaceutical companies are paying high consideration to research and development activities. Due to this, they are pouring large endowment into such activities, which has a direct constructive impact on the development of the protein characterization and identification market. Along with this, quick advancements in skills and technology are facilitating developments in research processes, thus expanding the market. The healthy growth of the biologics and proteomics sections is also one of the main factors stoking the acceptance of protein characterization and identification. Besides this, numerous governments globally are investing large funds in proteomics study, which is providing a boost to the global market.
On the other hand, the high expenditure of instruments mainly utilized in protein characterization and identification is acting as a most important obstruction to the development of the market. Additionally, the lack of skilled and competent personnel is encumbering the development of the market. On the other hand, the appearance of biomarkers with the thriving biomarker identification section is depicting the global protein characterization and identification market which is highly lucrative.
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Protein Characterization and Identification Market: Segmentation
The global protein characterization and identification market are divided based on applications, products, and end users. On the basis of application, the market is classified into drug discovery, clinical diagnosis, and development; and other applications. Out of these, the development applications and drug discovery section accounted for the highest share of the protein characterization and identification application market in the past year. The end-user sections include biotechnology, contract research organizations, academic research institutes, and pharmaceutical companies. On the basis of products, the market is divided into consumables, instruments, and services.
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Protein Characterization and Identification Market: Regional Analysis
North America accounted for the highest share of the protein characterization and identification market. On the other hand, the Asian market is anticipated to develop at the highest rate in the coming years and characterizes new revenue pockets for the protein characterization and identification market. Development in the Asia regional section is expected to be centered on India and China. The development in the Indian and Chinese economies and rising drug discovery initiatives will be a most important factor for development in the Asian protein characterization and identification market. The Asian section is also projected to observe a steady year-on-year development, owing to the raise in personal equity and project wealth investments in the field of biotechnology in the Asia-Pacific province.
Protein Characterization and Identification Market: Competitive players
The key players in protein characterization and identification market are Agilent Technologies, Bio-Rad Laboratories, Inc., Bruker Corp., Danaher Corp., GE Healthcare, Perkin Elmer, Shimadzu Corp., Sigma-Aldrich Corp., Thermo Fisher Scientific, and Waters Corp.
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